During the final day of G7 talks in Japan, U.S. President Joe Biden expressed his desire to reach a deal with lawmakers that would prevent the government from defaulting on its debt obligations. However, he made it clear that he would not agree to a deal that favors "crypto traders" and wealthy tax cheats at the expense of food assistance for Americans. Biden has previously criticized cryptocurrency investors and proposed changing tax policies related to digital assets, including a 30% tax on energy used in crypto mining operations. Without a new budget deal, the U.S. could run out of cash as early as June 1.